Berkshire Residential Investments
AVP, Assistant Portfolio Controller (Equity)
Berkshire Residential Investments, Boston, Massachusetts, 02298
Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary The AVP, Assistant Portfolio Controller will ensure that property accounting and fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios. This position will provide timely and accurate internal and external reporting about assigned Berkshire Equity Funds financial and operational matters. Responsibilities include, but are not limited to: Oversee assigned property and/or debt investment accounting staff and review account reconciliations and financial statements prepared by them Oversee the monthly property and/or debt investment and Fund/Account closing and consolidation process for their portfolios Analyze, understand, and budget to actual results for discussion with senior executives Responsible for preparation and review of the quarterly financial statements and investor reports Monitor accounting and reporting compliance with Fund/Account partnership agreements and investor side letters Manage investment management fee and incentive fee calculations Prepare joint venture waterfall calculations, as applicable Manage preparation of the capital accounts, including roll-forwards and the quarterly ownership recalculations, where applicable Manage the returns calculations (TWR or IRRs) and dividend yields Responsible for calculation of distributions to general and limited partners, noncontrolling interest partners, property and/or debt investment distributions and Fund/Account distributions on a monthly/quarterly basis, or when applicable, for assigned portfolios Where applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loans Where applicable, perform the calculation of debt fair market value Oversee external audit process for assigned portfolio Manage third party relationships with joint venture partners, servicers or fee managed property owners, as applicable Manage and develop accounting staff Manage adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed Perform other ad hoc accounting duties as required Consistently demonstrate use of tact and discretion. JOB QUALIFICATION REQUIREMENTS: Knowledge/Experience: Minimum of five (5) years of experience, seven (7) years preferred, including real estate or private equity industry Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual Fair value financial reporting experience preferred Internal controls - Registered Investment Adviser / Sarbanes Oxley experience preferred Experience with financial statements preparation required Strong Analytical skills with attention to details Yardi experience preferred Meeting time sensitive deadlines and managing variable workloads Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications Ability to communicate with and manage up to senior management Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic Demonstrate emotional intelligence in high pressure and sensitive situations Tenacity, patience, and perseverance to work with business deals from beginning to end of process Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities Maintain confidentiality of sensitive information and communications of information Develop productive working relationships with all team members including internal clients and external third parties Demonstrated high level of ethics and integrity with a straightforward and honest approach Technical/Educational Requirements: Bachelor's degree required; accounting concentration preferred CPA license and public accounting experience preferred Demonstrated advanced financial modeling and Exell skills required Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs) Proficiency with computers, keyboards, monitors and telephone headsets. Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details - and to learn more about how we value our employees. Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.